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🔥 Today’s Lever story: The government’s official story about the Epstein files keeps changing.
🎧 New on Lever Time: What’s at stake in the showdown between Trump and Federal Reserve head Jerome Powell?
👇 Spend three minutes reading this 917-word newsletter to learn about:
- Just how rich homeowners insurers are getting off your premiums.
- The fight to stop Elon Musk from poisoning Tennessee.
- How the Trump administration could soon control one of the country’s greenest energy markets.
- Why your 401(k) may become private equity’s new “dumping ground.”
TODAY’S NUGGETS
🏠 Profiteering pays off. Performance-based pay packages have seen home insurance executives showered in lucrative awards at the expense of homeowners, driving premiums sky-high and making the industry more profitable than ever, The American Prospect reports. Homeowners insurers’ profits exploded to $167 billion last year, up 330 percent from 2022. That means C-suite pay is up: At nine of the biggest home insurance companies in the U.S., executives on average were given a 30 percent raise over 2023, collectively earning $310 million in 2024, a Public Citizen and Revolving Door Project analysis finds.
- Home insurance premiums have increased 24 percent since 2022, amounting to a combined $21 billion price hike for homeowners.
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